Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
BrokerNotes.co has the following warning about Intertrader: ‘Between 64-72% of retail investor accounts lose money when trading these products with this provider.’
So, if you are thinking of shorting Anic, the omens are not in your favour. ??
Anic is in the top 50 shorted shares in the LSE (so is Hargreaves Lansdown) - https://uk.advfn.com/toplists/free/most_shorted
I guess the margin trader(s) would have anticipated the share price falling from the recently achieved low 40p's towards the 22p placing price. Let's hope they get 'burned' via a sudden reversal, though. The share has been quite resilient of late and the placing has proved a success - £62.5m to invest.
The Citywire recommendation to financial advisers, the Sunday Times article and the Stockopedia upgrade to ‘high flyer’ from ‘neutral’ all occurred after the placing announcement.
On balance, I’d trust those judgements more than any derampers’ remarks on bulletin boards.
Of course, professional pundits do get it wrong sometimes.
As I wrote earlier, any 'surge' will not just be as a result of the Sunday Times article - on Friday, Citywire categorised ANIC as a 'buy' and Stockopedia has just re-rated the share as a 'High Flyer' from 'Neutral'.
Momentum :)
VitroLab - from February 2020 and so we may expect exciting news soon:
"We continue to be impressed by the strong developments VitroLabs is making as the only company in the world to be using this technology to create real leather, without the requirements of raising animals and the issues surrounding animal welfare, sustainability and efficiency” said Richard Reed, Chairman of Agronomics. He added: “We are excited for the next 12 months where we expect to see VitroLabs launch their first leather goods to the market."
The momentum is growing fast, now: positive industry commentaries, approving ‘green’ statements, complimentary media coverage about Agronomics Ltd & it’s unique front & centre position, at least £62m more to invest this year & Stockpedia has just re-rated Agronomics stock as a ‘High Flyer’ (was ‘Neutral’).
Enjoy the ride & ignore the now anticipated deluge of derampers
For what it’s worth, WalletInvestor.com is predicting £1.44 (12 months) and £6.88 (60 months)
Who knows? Maybe none, especially if we enjoy a major IPO.
I'm delighted that Citywire has analysed and just recommended Anic, following on from several newspaper tips in recent times.
Enjoy the ride ...
Very successful by then!
Would you rather be invested in a company at 36p with no more funds to invest or be in at 28p with a min of £62m to invest?
Excellent summary from RationalAnalysls - thank you.
HL has just messaged me, following three messages to them since the announcement, and confirmed they do not have a relationship with the brokers, Peterhouse Capital Ltd.
I have responded accordingly and will now consider transferring to another share dealer.
Very encouraging to hear financial advisers are being recommended Agronomics, by Citywire
Thinking longer term, I would rather be invested at 26p with a minimum £62.5m war chest than at 36p with no war chest
Cenkos Securites arranged the £10m placing in October last year.
In this case, an 'accelerated bookbuild' is often used when a company is in immediate need of financing e.g. when a firm is looking to make an offer to acquire another firm: financing for a short-term project or acquisition.
Think it's more likely that news of an imminent RNS was leaked - investors anticipated better news than was delivered, chasing up the share price and then selling on disappointment.
As someone else wrote, the 15% annual charge for increases in NAV is fine by me - big incentive for Jim Mellon to produce the results.
Perhaps, some investors are unhappy with the new consultancy terms agreed with Jim Mellon's Shellbay (RNS today)
Whether it’s reliable or not, it is still somewhat reassuring to read Anic share price forecasts of £1.10 (1 year) & £5.40 (5 years) - search ‘Agronomics share price forecasts’)
??
Fair enough & let's see where we go from here.
PS I am an experienced investor & as a result, fully aware of the risks associated with such stock but thank you, anyway
Less than 5 months is near in my book (+ the rising share price, of course)
Near to completing an acquisition:
As a cash shell the Company is required to make an acquisition or acquisitions which constitute a reverse takeover under AIM Rule 14 within six months of 3 March 2121 or be re-admitted to trading on AIM as an investing company under the AIM Rules (which would require the raising of at least £6m) failing which the Company's Ordinary Shares would be suspended from trading on AIM.